Lbp Am Sa Raises Stock Holdings in Jacobs Solutions Inc. $J

Key Points

• Lbp Am Sa increased its holdings in Jacobs Solutions Inc. by 38.3% during the second quarter, now owning 10,386 shares valued at approximately $1.365 million.
• Jacobs Solutions reported earnings per share of $1.62 for the last quarter, exceeding the consensus estimate of $1.56, despite a 28.4% decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.32 per share, providing an annual yield of 0.8% with a payout ratio of 31.92%.

Lbp Am Sa raised its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 38.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,386 shares of the company's stock after buying an additional 2,877 shares during the quarter. Lbp Am Sa's holdings in Jacobs Solutions were worth $1,365,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ninety One UK Ltd lifted its stake in Jacobs Solutions by 9.5% in the first quarter. Ninety One UK Ltd now owns 2,176,944 shares of the company's stock valued at $263,171,000 after buying an additional 188,852 shares during the last quarter. Invesco Ltd. raised its stake in shares of Jacobs Solutions by 5.3% during the first quarter. Invesco Ltd. now owns 2,147,078 shares of the company's stock worth $259,560,000 after purchasing an additional 108,366 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Jacobs Solutions by 0.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 782,819 shares of the company's stock worth $94,635,000 after purchasing an additional 4,931 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Jacobs Solutions by 0.4% during the first quarter. AQR Capital Management LLC now owns 763,552 shares of the company's stock worth $91,687,000 after purchasing an additional 3,250 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Jacobs Solutions by 0.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 675,604 shares of the company's stock worth $81,674,000 after purchasing an additional 1,772 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Trading Up 1.1%

NYSE:J opened at $154.17 on Friday. The stock has a fifty day moving average price of $146.75 and a two-hundred day moving average price of $133.06. The stock has a market capitalization of $18.43 billion, a price-to-earnings ratio of 38.45, a PEG ratio of 1.80 and a beta of 0.81. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $154.36.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.06. The firm had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.09 billion. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.Jacobs Solutions's revenue was down 28.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.96 earnings per share. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. As a group, sell-side analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.28 annualized dividend and a yield of 0.8%. Jacobs Solutions's dividend payout ratio is 31.92%.

Analyst Ratings Changes

Several research firms have recently commented on J. Wall Street Zen upgraded Jacobs Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. KeyCorp upped their price target on Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Citigroup upped their price target on Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Finally, UBS Group upped their price target on Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $155.25.

Jacobs Solutions Company Profile

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.

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